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Oct 22, 2013
10/13
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neil: never mind whether jpmorgan chase should be fine. did you ever ask were all of those fines are going? sign-up for the news new health care lot yet? chris stirewalt says maybe the president should be working full-time on finding more americans more jobs. and high taxes in france. all of that and the start of hard core pawn. it is time for us to get going. ♪ ♪ >> welcome, i am neil cavuto. thank you to my buddy charles payne. $20 billion is a figure that is still sinking in. that is how much it is taking to get the vets to stop barking. now remember, folks, whatever your feelings about the big bang, get more people in homes, or we are us taking our dogs on you. not by getting their way, but by extorting their way then and now. jim tracy says that is what these big funds are really all about. he says he experienced it for himself when he was forced to pay millions. not to mention two years in prison for backdating stock options. they didn't remotely match the supposedly crime. so what do you make of this latest round? >> it is a fun
neil: never mind whether jpmorgan chase should be fine. did you ever ask were all of those fines are going? sign-up for the news new health care lot yet? chris stirewalt says maybe the president should be working full-time on finding more americans more jobs. and high taxes in france. all of that and the start of hard core pawn. it is time for us to get going. ♪ ♪ >> welcome, i am neil cavuto. thank you to my buddy charles payne. $20 billion is a figure that is still sinking in. that...
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Oct 21, 2013
10/13
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we have to get to the jpmorgan story. reportedly they will play $13 billion in mortgage settlement with the fed. back to you. show me the jpmorgan stocks, will you? nicole: it is actually up right now. paying out $13 billion. this is all about that loans and mortgage settlements prior to the financial crisis, right? jamie dimon has been out touting his company talking about how proud he is of his company. just working with the regulators. this is a huge payout. 13 billion. stuart: it sure is. charles, $13 billion. this is where it seems to be coming from to me. jpmorgan is being fined for the sins of bear stearns and washington mutual, companies they were asked to take over and now they have to pay for doing the good deed. charles: they do. they are very powerful organization have to wonder why they didn't fight this even more. they set aside $23 billion. maybe my mind they just wanted to get it over with. it will be interesting to see who pays the criminal finds the top part of the letter, but it is a gigantic amount of
we have to get to the jpmorgan story. reportedly they will play $13 billion in mortgage settlement with the fed. back to you. show me the jpmorgan stocks, will you? nicole: it is actually up right now. paying out $13 billion. this is all about that loans and mortgage settlements prior to the financial crisis, right? jamie dimon has been out touting his company talking about how proud he is of his company. just working with the regulators. this is a huge payout. 13 billion. stuart: it sure is....
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Oct 21, 2013
10/13
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so let me ask you this, what is your opinion of jpmorgan paying this $13 billion settlement? what is your opinion? is this appropriate? >> not so much. i don't know the exact details of everything -- >> you don't know the details? >> i think they are -- maria, why do you ask questions you don't want answered? that's not a good interviewing technique. >> what's your opinion -- >> i said i don't know all of them. i said i don't know all the details. what i mean by that is the following, which i would have told you, part of it is blaming them because of what bear stearns had done. part, is i understand from countrywide. i think they're morally culpable for countrywide. they bought them on their own. no one told them to. publicly, i said, that's in regard to bear stearns -- >> i hate to understand you. bank of america acquired countrywide. are you referring to washington mutual? >> washington mutual. thank you for correcting me. >> bank of america acquired countrywide. >> you're right. that was bank of america. a similar situation. bank of america bought merrill at the government
so let me ask you this, what is your opinion of jpmorgan paying this $13 billion settlement? what is your opinion? is this appropriate? >> not so much. i don't know the exact details of everything -- >> you don't know the details? >> i think they are -- maria, why do you ask questions you don't want answered? that's not a good interviewing technique. >> what's your opinion -- >> i said i don't know all of them. i said i don't know all the details. what i mean by...
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Oct 21, 2013
10/13
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the justice department has reached a tentative settlement with jpmorgan chase over civil investigations into mortgage bonds sold to investors. the bank will pay $13 billion. the deal does not close the parallel criminal investigation. >>> still ahead, the all-star panel including you on fixing or delaying obama care. first, hillary clinton brings some star power to a nasty virginia governor's race. [ male announcer ] introducing new fast acting advil. with an ultra-thin coating and fast absorbing advil ion core™ technology, it stops pain before it gets worse. nothing works faster. new fast acting advil. look for it in the white box. and our giant idaho potato truck is still missing. so my dog and i we're going to go find it. it's out there somewhere spreading the good word about idaho potatoes and raising money for meals on wheels. but we'd really like our truck back, so if you see it, let us know, would you? thanks. what? >>> the political battle for the governor's seat in virginia is getting high profile input. karl cameron tells why the democrats concentrate on star powers, republi
the justice department has reached a tentative settlement with jpmorgan chase over civil investigations into mortgage bonds sold to investors. the bank will pay $13 billion. the deal does not close the parallel criminal investigation. >>> still ahead, the all-star panel including you on fixing or delaying obama care. first, hillary clinton brings some star power to a nasty virginia governor's race. [ male announcer ] introducing new fast acting advil. with an ultra-thin coating and...
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Oct 21, 2013
10/13
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would you defend jpmorgan? >> absolutely. the problem is you can't defend large corporations that have thousands and thousands of employees against an indictment. once they've been indicted, they can be put out of business. so the presumption of innocence doesn't operate in these large cases. a the government, basically dictates the terms of the settlement because you're terrified to litigate even cases you can win. >> right. that's just -- that's the arthur andersen syndrome. >> right. >> puts the whole thing out of business. >> they won and look what happened. they were out of business. >> let's go to some interesting things. my thesis, having you as a guest on our show from time to time which is a great pleasure. my thesis is alan dershowitz is not as liberal as people think he is. now, i just want to begin with this. you're a great defend other telephone first amendment, freedom of speech of all times. so am i i'm a reagan conservative. i completely agree with you. >> i almost wrote a book called "why i left the left but
would you defend jpmorgan? >> absolutely. the problem is you can't defend large corporations that have thousands and thousands of employees against an indictment. once they've been indicted, they can be put out of business. so the presumption of innocence doesn't operate in these large cases. a the government, basically dictates the terms of the settlement because you're terrified to litigate even cases you can win. >> right. that's just -- that's the arthur andersen syndrome....
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Oct 22, 2013
10/13
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robert tweets go to any target, jpmorgan, filled with women, browsing. men go for a specific product, you are right. diane says guys like to get in and get out, true. women want to shop to see if there's something we like better and a better deal. correct. david says i don't want to walk into a store unless i know what i'm going to buy and don't buy anything not planned before i get there. i-man the disagrees with me saying i hate spending time shopping. if i ask for it is a for specific reason. i hardly ever browsed. well said. charles, use a web? charles: i go into the quinella one. worst thing a salesperson can do is overporche. i typically no one, i am not going to browse, ago in and i'm a pretty good shopper. you want me to spend money. stuart: when you like this. connell mcshane, it is yours. connell: there was a time you wanted to buy those most famous sandals and what you wanted. the white sox and you are off to the races. remembers that? you guys are funny. charles will be with us next hour. moving right along, shut up, he says. how much did the
robert tweets go to any target, jpmorgan, filled with women, browsing. men go for a specific product, you are right. diane says guys like to get in and get out, true. women want to shop to see if there's something we like better and a better deal. correct. david says i don't want to walk into a store unless i know what i'm going to buy and don't buy anything not planned before i get there. i-man the disagrees with me saying i hate spending time shopping. if i ask for it is a for specific...
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Oct 21, 2013
10/13
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jpmorgan's close to a deal to settle u.s. related problems. the bank could still face more legal woes. >> the edf is going to clean up the fukushima plant in japan. >> announcer: you're watching "worldwide exchange" bringing you business news from around the globe. >>> hello. warm welcome to the start of "worldwide exchange" for the week. plenty to get through on today's show as ever. finally, it is u.s. jobs tuesday this week, but how should investors expect the bull market to go. the treasuries we'll talk about at 10:20 c.t. the weaker than expected numbers don't really move the needle. we'll discuss that as we look at japanese exports at 10:30. as the new department gets set to protect data, we'll ask whether twitter and google are right to get concerned. that's 10:45 c.e.t. plus, it's being billed as the biggest auction ever. we'll hear from a latin american analyst and why the government has low expectations. >>> plenty of earnings state side. how is mcdonald's new strategy to manage low u.s. margins fairing. we'll discuss the q 3 numbers
jpmorgan's close to a deal to settle u.s. related problems. the bank could still face more legal woes. >> the edf is going to clean up the fukushima plant in japan. >> announcer: you're watching "worldwide exchange" bringing you business news from around the globe. >>> hello. warm welcome to the start of "worldwide exchange" for the week. plenty to get through on today's show as ever. finally, it is u.s. jobs tuesday this week, but how should investors...
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Oct 21, 2013
10/13
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going back to jpmorgan chase. the controversy is this. they feel they have given the government cover in acquiring their sterns and washington mutual which were both insolvent in 2008. essentially 80% of jpmorgan losses on mortgage bonds come from the bonds at bear stearns and washington mutual. where it stands right now, we could see an agreement this week or next. what is key is admitting to guilt. if they do that, it will open the door wider to places and lawsuits. the second thing is criminal probe still under way out of the sacramento offices of the attorney general for the state of california. washington mutual bond coming out of pennsylvania. the government said you take these, sacramento, take the jpmorgan owned bonds. and you take bear stearns. ashley: the hiring practices in asia. just a side note. stay right here. our twitter question, prosecution or persecution? the government crackdown on jamie dimon and kathleen and jp. your options will be appearing at the bottom of the screen. let's ask former sec enforcement attorney now
going back to jpmorgan chase. the controversy is this. they feel they have given the government cover in acquiring their sterns and washington mutual which were both insolvent in 2008. essentially 80% of jpmorgan losses on mortgage bonds come from the bonds at bear stearns and washington mutual. where it stands right now, we could see an agreement this week or next. what is key is admitting to guilt. if they do that, it will open the door wider to places and lawsuits. the second thing is...
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Oct 23, 2013
10/13
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jpmorgan is getting closer to settling. fox business senior correspondent charlie gasparino is here next with the very latest details. lori: it is a car dealership. which color is it? take a guess. we'll tell you what the rest of the world thinks next. ♪ [ male announcer ] need help keeping your digestive balance in sync? try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align. >> i'm jo ling kent with your fox business brief. stocks continue to trade lower as investors react to disappointing quarterly earnings from caterpillar and a number of chip-makers. checking the dow industrials right now we're down about 75.5 points. >>> shares of us airways are down nearly 2% after the airline said third quarter net profit fell from last year as it set more money aside from taxes. excluding one-time items, us airways earned $1.11 a share, four cents above the estimate. revenue of 3.6 billion also topped the forecast. us airways is trying to emerge with americ
jpmorgan is getting closer to settling. fox business senior correspondent charlie gasparino is here next with the very latest details. lori: it is a car dealership. which color is it? take a guess. we'll tell you what the rest of the world thinks next. ♪ [ male announcer ] need help keeping your digestive balance in sync? try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align. >> i'm jo ling kent with your fox...
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Oct 21, 2013
10/13
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let's turn it over to jpmorgan. the bank is close to reaching a tentative $13 billion settlement with the justice department and other government agencies. our own kate kelly speaking with the ceo jamie dimon as he arrived at work. as we now learn from the "times," not only chief cheerleader for the bank but also chief negotiator. >> reporter: that's right, simon. interesting. this deal has not yet been finalized. it cob a couple of days. there is a chorus of criticism about this record $13 billion fine jpmorgan is expected to pay. among other things, you brought this up in the past, these are issues related to jpmorgan's acquisition. they issued in the heat of the housing boom and later caused problems for those. they bought those partly as the government's urging. some believe they are being penalized with the wall street journal calling this a shakedown. i asked jamie dimon about this very question as he walked into the office this morning. here is what he told me. >> i want to get the problems resolved. that's w
let's turn it over to jpmorgan. the bank is close to reaching a tentative $13 billion settlement with the justice department and other government agencies. our own kate kelly speaking with the ceo jamie dimon as he arrived at work. as we now learn from the "times," not only chief cheerleader for the bank but also chief negotiator. >> reporter: that's right, simon. interesting. this deal has not yet been finalized. it cob a couple of days. there is a chorus of criticism about...
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Oct 20, 2013
10/13
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CNN
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cardioviva. >>> jpmorgan chase has tentatively agreed to pay $13 billion in the bad mortgages sold. >> the bank tentatively agreed to the settlement with the justice department, and once it's done it would be the single bestest settlement. and evan perez explains more about where the money is going. >> $9 billion of the tentative settlement would be paid in fines and penalties to the government. there's a $4 billion piece that would be assigned for consumer relief which is basically loan modifications and help for consumers who may have had some problems as a result of some of these practices, these mortgage practices, so that is being discussed right now, and what is not included, and this is important, is a federal criminal investigation, which is continuing at jpmorgan chase, and that focuses on people, individuals, who may have misled investors and whether there was an credible wrong doing, and that's a big deal because the justice department, they do the settlements with big banks and nobody is held personally accountable for some of the issues that happened. >> this week is a bi
cardioviva. >>> jpmorgan chase has tentatively agreed to pay $13 billion in the bad mortgages sold. >> the bank tentatively agreed to the settlement with the justice department, and once it's done it would be the single bestest settlement. and evan perez explains more about where the money is going. >> $9 billion of the tentative settlement would be paid in fines and penalties to the government. there's a $4 billion piece that would be assigned for consumer relief which is...
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Oct 21, 2013
10/13
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. >> "the washington post," jpmorgan chase settled with the justice department for overselling faulty mortgages. the bank agreed to pay $13 billion. largest penalty ever paid by a single company. jpmorgan and its executives may face criminal prosecution. >> tampa bay times two killers who forged their way out of prison in florida are back in police custody this morning. check out dramatic video that you can see on heavily armed u.s. marshal storming the coconut grove motor inn. police say they received a tip from one of the convicts close soeshs. they arrested joseph jenkins and charles walker. they used bogus court documents to get out of prison even though they were serving life sentences. >> a german magazine said the nnamdi asomugha hacked the e-mail account of former mexican president felipe calderon. mexico is calling the hacking unlawful and unacceptable and won't be sending a diplomatic note the u.s. >>> "l.a. times" remake of the horror classic "carrie" failed to over take gravity which remains number one for the third week in a row. the film made $31 million to bring its tot
. >> "the washington post," jpmorgan chase settled with the justice department for overselling faulty mortgages. the bank agreed to pay $13 billion. largest penalty ever paid by a single company. jpmorgan and its executives may face criminal prosecution. >> tampa bay times two killers who forged their way out of prison in florida are back in police custody this morning. check out dramatic video that you can see on heavily armed u.s. marshal storming the coconut grove motor...
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Oct 21, 2013
10/13
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jpmorgan is making an effort to protect itself from these kinds of charges. they wanted what's called a no prosecution agreement in this settlement. the department of justice said no. so the door to a possible criminal charge, that door is still open. one thing to keep in mind though, this is not just about the jm morgan. most of the practices that jp morgue be has been accused of actually happened at washington mutual and bear stearns. i bring up these other banks because what happened is jpmorgan bought these two banks at the urging of the government as a way to prevent an even bigger financial meltdown. in some ways, many people think they were doing the government a favor by taking on these two banks and taking on their problems because in 2008, jn morgan was one of the only banks out there strong enough to do that. now many are saying that jm morgan is kind of the fall guy taking on other bank's problems. nonetheless though, the possibility for criminal charges still remains, wolf? >> under the theory no good deed shall go unpunished some are suggesting
jpmorgan is making an effort to protect itself from these kinds of charges. they wanted what's called a no prosecution agreement in this settlement. the department of justice said no. so the door to a possible criminal charge, that door is still open. one thing to keep in mind though, this is not just about the jm morgan. most of the practices that jp morgue be has been accused of actually happened at washington mutual and bear stearns. i bring up these other banks because what happened is...
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Oct 20, 2013
10/13
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. >>> jpmorgan chase reportedly reaching a tenttive $13 billion deal to settle civil investigations into the bank's mortgage backed securities. if the deal goes through it will be the largest settlement the government has ever made with a single company. a criminal investigation of the bank's conduct is still ongoing. clayton? >> thanks, anna. here's an odd story, could terrorists really hack into a pacemaker? you see that? that was "homeland." the famous scene from the show. while it seems like a scene right out of hollywood, there may be some truth to t. now for the first time vice president dick cheney revealing this exact thing could happen to him. even had his doctor disable the wireless function of his pacemaker. can this really happen? we are joined by cyber analyst and ceo of connected to the cause. morgan freeman. >> i know you know something about philly, clayton. >> i do, indeed. take care of my good city. dick then any was worrying about it. was he being paranoid? >> no, because you're paranoid doesn't mean they're out to get you? this is something that has been demonstrated.
. >>> jpmorgan chase reportedly reaching a tenttive $13 billion deal to settle civil investigations into the bank's mortgage backed securities. if the deal goes through it will be the largest settlement the government has ever made with a single company. a criminal investigation of the bank's conduct is still ongoing. clayton? >> thanks, anna. here's an odd story, could terrorists really hack into a pacemaker? you see that? that was "homeland." the famous scene from the...